BHP Group’s (BHP) “Hold” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reaffirmed their hold rating on shares of BHP Group (LON:BHP) in a report released on Tuesday morning,Digital Look reports. The brokerage currently has a GBX 3,350 price target on the stock.

Other equities research analysts have also recently issued research reports about the company. Citigroup raised their price objective on BHP Group from £290 to £350 and gave the company a “neutral” rating in a research note on Monday, June 8th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of BHP Group in a research report on Friday, July 17th. JPMorgan Chase & Co. cut their target price on BHP Group from GBX 3,400 to GBX 3,000 and set a “neutral” rating on the stock in a report on Friday, July 10th. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 2,500 target price on shares of BHP Group in a report on Thursday, April 23rd. Six analysts have rated the stock with a Hold rating, According to MarketBeat, BHP Group has a consensus rating of “Hold” and a consensus target price of GBX 8,391.67.

BHP Group Stock Performance

Shares of BHP Group stock opened at GBX 3,444 on Tuesday. BHP Group has a one year low of GBX 1,918 and a one year high of GBX 3,495. The firm has a market capitalization of £174.98 billion, a price-to-earnings ratio of 17.11, a PEG ratio of -0.78 and a beta of 0.84. The business has a 50-day simple moving average of GBX 3,181.54 and a 200 day simple moving average of GBX 2,997.72. The company has a debt-to-equity ratio of 53.26, a current ratio of 1.88 and a quick ratio of 1.37.

About BHP Group

We are a world-leading resources company, focused on the resources the world needs to grow and decarbonise. Copper for renewable energy. Potash for sustainable farming. Iron ore and metallurgical coal for the steel needed for global infrastructure and the energy transition.

A resources mix for today and for the future.

Our strategy is to deliver long-term value and returns through the cycle. We aim to do this through owning a portfolio of world class assets with exposure to highly attractive commodities that benefit from the mega-trends playing out in the world around us, by operating them exceptionally well, by maintaining a disciplined approach to capital allocation and through being industry leaders in sustainability and the creation of social value.

We are a global business with over 9,000 suppliers around the world, many of which are small to medium-sized businesses that are local to our assets.